LinkedIn Corporation (NYSE: LNKD) is out with its year-end and fourth quarter earnings report. The company earned $6.9 million or $0.12 per share on non-GAAP on sales of $167.7 million. Thomson Reuters had non-GAAP estimates of $0.07 EPS and $159.72 million in sales.
Hiring solutions sales were up 136% to $84.9 million, marketing solutions rose 77% to $49.5 million, and premium subscriptions were up 87% to $33.3 million of the total sales. U.S. revenue was $112 million, or about 67% of total revenues.
The company is putting its first quarter of 2012 sales at $170 to $175 million against estimates of $170.79 million.
For 2012, the social network for professionals is projecting $840 million to $860 million versus about $828.2 million expected. It also sees full 2012 adjusted EBITDA of $155 million to $165 million (versus $98.7 million for 2011).
The headlines appear to have caused a head-fake. The stock initially fell on the $0.06 EPS headline, but the shares are up over 4% at $79.87 currently in the after-hours. Until we see more report data, we will hold off on casting a final verdict.
Since the IPO last summer it has traded in a range of $55.98 to $122.70. It also claims more than 150 million users now.
JON C. OGG
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
